(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street opened higher on Friday after stronger-than-expected U.S. jobs data built the case for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. The Dow Jones industrial average was up 1.54 percent at 17,747.12, the S&P 500 was up 1.42 percent at 2,078.74 and the Nasdaq Composite was up 1.49 percent at 5,112.636.
** KALOBIOS PHARMACEUTICALS INC, $31.5697, +7.67 pct
The biopharmaceutical company, which recently appointed controversial head of Turing Pharmaceuticals Martin Shkreli as CEO, said it was acquiring worldwide rights to a compound being developed for the treatment of Chagas disease.
** AVON PRODUCTS INC, $4.415, +10.65 pct
Private equity investors led by Barington Capital have proposed a restructuring of the company, saying the cosmetics maker is “significantly undervalued” and warning against the sale of its North American arm to Cerberus Capital Management.
** GENVEC INC, $2.7501, +16.04 pct
A report on Dec. 2 detailed the account of a patient receiving the gene-therapy developer’s experimental gene-therapy, CGF166, as part of a keenly-watched study at the University of Kansas Hospital, which is sponsored by partner Novartis AG.
** FUELCELL ENERGY INC, $8.085, -17.43 pct
The fuel cell maker announced a 1-for-12 reverse stock split, effective Friday, which will reduce the number of authorized shares of common stock to 39.6 million from 475 million.
** EXXON MOBIL CORP, $78.61, +0.26 pct
** CHEVRON CORP, $88.78, -0.08 pct
** BP PLC, $32.75, -1.53 pct
** CONOCOPHILLIPS, $51.06, -1.07 pct
** TOTAL SA, $47.6, -1.33 pct
** SCHLUMBERGER LTD, $74.84, +0.04 pct
** STONE ENERGY CORP, $6.82, -3.94 pct
** CALIFORNIA RESOURCES CORP, $3.42, -6.30 pct
** CHESAPEAKE ENERGY CORP, $4.74, -2.67 pct
** SEADRILL LTD, $5.69, -2.57 pct
** TRANSOCEAN LTD, $13.92, -0.85 pct
Oil prices fell on Friday after news that OPEC was planning to maintain its production near record highs despite depressed prices, as the producer group continued to seek share of an oversupplied market.
** MACYS INC, $38.98, +0.00 pct
Goldman Sachs downgraded the retail company’s stock to “neutral” on weaker fundamentals and lack of strategic catalysts, saying headwinds from e-commerce, fast fashion and off-price were unlikely to abate, and company’s growth initiatives were not enough to offset them.
** FIVE BELOW INC, $29.23, +4.73 pct
Deutsche Bank raised its price target on the teen apparel retailer’s stock to $31 from $30 and RBC Capital Markets to $42 from $40 after company reported better-than-expected third-quarter profit and sales.
** GAP INC, $25.91, -0.77 pct
** ZUMIEZ INC, $13.53, -2.66 pct
The sports apparel and accessories makers reported larger-than-expected drop in November same-store sales, hurt by weaker consumer traffic and foreign exchange impact.
** NORFOLK SOUTHERN CORP, $89.85, -3.50 pct
The U.S. railroad operator said its board unanimously rejected Canadian Pacific Railway Ltd’s $28.4 billion acquisition proposal, saying the offer undervalued the company and could face regulatory hurdles.
** BARNES & NOBLE INC, $9.59, -20.41 pct
The largest U.S. bookstore chain reported a surprise fall in quarterly comparable store sales, hurt by store closures, lower online sales and weak demand for its Nook tablets.
** COOPER COMPANIES INC, $129.64, -8.74 pct
The medical device maker lowered full-year 2016 and first quarter outlook below Street view after it earned $2/share in fourth-quarter on revenue of $455.5 million, compared with Street estimates of earnings per share of $2.11 and revenue of $474.3 million.
** GENESCO INC, $57.52, +10.11 pct
The footwear retailer reported third-quarter adjusted profit from continuing operations of $1.40/share versus estimates of $1.30, helped by a 6 percent rise in same-store sales.
** ULTA SALON COSMETICS AND FRAGRANCE INC, $180.33, +10.50 pct
The beauty salon operator reported better-than-expected third-quarter same-store sales, helped by increased traffic and transactions growth.
** ARMADA HOFFLER PROPERTIES INC, $10.69, -3.95 pct
The real estate developer offered 3 million shares priced at $10.70 per share, a discount of 3.9 percent to Thursday’s close, which represented about 11.6 percent of company’s outstanding shares as of July 31.
Compiled by Manish Parashar in Bengaluru; Editing by Sriraj Kalluvila